Redwood AI Completes Acquisition of Quantum.IQ for Quantum-Resistant Cybersecurity

What happened

Redwood AI Corp. completed the acquisition of Quantum.IQ Technologies Inc. for up to 14,033,558 common shares at $2.98 per share, making Quantum.IQ a wholly owned subsidiary.

Why it matters

The acquisition integrates Quantum.IQ's Post-Quantum Cryptography (PQC) platform, allowing Redwood to broaden its technology base for regulated and security-sensitive environments.